188,469 ADT Inc. $ADT Shares Acquired by Alps Advisors Inc.

Key Points

• Alps Advisors increased its ADT stake by 31% in the third quarter, adding 188,469 shares and bringing its holdings to 797,195 shares, valued at about $4.85 million.
• ADT reported quarterly earnings of $0.24 per share, slightly above estimates, and revenue of $1.35 billion, up 3.9% year over year and also above forecasts.
• Analyst sentiment remained mostly neutral: ADT had a consensus “Hold” rating and an average price target of $8.73.

Alps Advisors Inc. increased its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 31.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 797,195 shares of the security and automation business's stock after acquiring an additional 188,469 shares during the period. Alps Advisors Inc. owned about 0.11% of ADT worth $4,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of ADT by 151.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business's stock valued at $33,000 after buying an additional 2,985 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in ADT by 1,646.1% in the third quarter. Elevation Wealth Partners LLC now owns 6,094 shares of the security and automation business's stock worth $37,000 after buying an additional 5,745 shares during the last quarter. Parallel Advisors LLC increased its holdings in ADT by 154.0% in the first quarter. Parallel Advisors LLC now owns 7,451 shares of the security and automation business's stock worth $49,000 after buying an additional 4,518 shares during the last quarter. GAMMA Investing LLC increased its holdings in ADT by 129.6% in the second quarter. GAMMA Investing LLC now owns 7,709 shares of the security and automation business's stock worth $50,000 after buying an additional 4,352 shares during the last quarter. Finally, MGO One Seven LLC bought a new position in ADT during the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Stock Up 0.1%

Shares of ADT stock opened at $9.87 on Monday. The stock's 50 day simple moving average is $7.22 and its 200 day simple moving average is $7.14. ADT Inc. has a twelve month low of $6.03 and a twelve month high of $9.99. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 13.33 and a beta of 0.95.

ADT (NYSE:ADT - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The security and automation business reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. ADT had a return on equity of 18.57% and a net margin of 11.85%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. As a group, research analysts predict that ADT Inc. will post 0.90 EPS for the current year.

Analyst Upgrades and Downgrades

ADT has been the subject of several recent research reports. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and set a $10.00 target price for the company in a research report on Wednesday, November 4th. BTIG Research began coverage on shares of ADT in a report on Monday, August 17th. They set a "neutral" rating on the stock. Weiss Ratings raised shares of ADT from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 29th. Finally, Morgan Stanley reduced their price objective on shares of ADT from $7.75 to $7.25 and set an "equal weight" rating for the company in a research note on Tuesday, October 13th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.73.

ADT Profile

ADT Inc provides professionally monitored security, automation and smart-home services to residential customers and businesses in the United States. Its offerings include intrusion detection, video surveillance, fire and life-safety systems, and remote monitoring and control through connected devices and mobile apps.

The company also serves commercial customers with security solutions such as access control, video surveillance and fire protection. ADT provides installation, maintenance and monitoring services, with offerings tailored to homes, small businesses and larger organizations.

ADT traces its roots to 1874, when American District Telegraph was established to provide telegraph-based alert services.

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